Rochester, NY 8/20/2009 8:45:29 AM
TETRA Technologies Inc., TTI - Tetra Technologies Declines in the Second Quarter Net Profit
TETRA Technologies Inc.
Tetra Technologies Inc, which operates as an oil and gas services and production company, announced that the company has a 69 percent drop in the second quarter profit, hurt by industry-wide reductions in domestic exploration and production spending.
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The company said its Maritech unit reported a pre-tax operating loss of $11.4 million on excess decommissioning expenses, impairments and uninsured expenses associated with Hurricane Ike damage.
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